The term "generous pensions" refers to retirement plans or allowances that provide a substantial amount of money to individuals after they stop working. Full definition
Public worker unions are beginning to launch a series of television ads opposing the new, less generous pension tier for future state workers. (nystateofpolitics.com)
He's enrolled in the most generous pension tier system. (nydailynews.com)
The youngest members received no such protection and were required to immediately transfer to the new and less generous pension scheme for future service. (dacbeachcroft.com)